Retailers' Same-Store Sales
Are Weak, Spurring Worry

By

Shelly Branch Staff Reporter of The Wall Street Journal

Updated Sept. 6, 2002 12:01 a.m. ET

Setting off another alarm bell for the economy's prospects, Wal-Mart Stores Inc., the nation's biggest retailer, said sales at stores open at least a year rose a disappointing 3.8% in August, or below forecasts of 4% to 6%. Other leading merchants, including Sears, Roebuck & Co. and highflying Kohl's Corp., also rang up lackluster results.

The disquieting performance comes as retailers prepare for the second half of the crucial back-to-school season -- a key selling period that may be further marred by events marking...